Feeds

Tiscali buys LibertySurf for E900 million

Not bad for a Monday morning

  • alert
  • submit to reddit

Top three mobile application threats

Update: Italian telco and ISP Tiscali has shelled out E900 million (£570 million) in shares for European ISP, LibertySurf, the companies confirmed this morning after suspending shares first thing this morning.

LibertySurf's major shareholders - British retail corporation, Kingfisher PLC, and Euro@web, owned by the Bernard Arnault family - will receive around E235 million (£149 million) each for their share (35 per cent each) in the ISP.

Commenting on the deal, Group CE Sir Geoffrey Mulcahy said: "LibertySurf has been a successful e-commerce venture for Kingfisher.

"With the European ISP market now consolidating, today's deal enables us to realise this value created for our shareholders.

Tiscali has been actively buying ISPs in Europe and is often touted as a potential buyer whenever a major ISP comes up for sale.

Last year it bought Dutch ISP World Online. In December, it coughed up E29 million (£18 million) for German ISP, AddCom AG. It is also reportedly in the frame to buy British ISP LineOne. ®

Related Stories

LibertySurf speculation 'load of bollocks'
LibertySurf on the pull

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.